Wording on Foreclosure Contract

[Bradford Myatt]

Quick question about the wording of a foreclosure purchase agreement.  Most agreements state that closing must occur under the wording "on or about" a certain date.  I received a contract that stated closing must be "on" a certain date to which my attorney advised against.  Has anyone had this happen to them when trying to purchase a bank foreclosure?

[Jessica Zolotorofe]

Unfortunately, all REO and short sale contracts are EXTREMELY bank friendly, but they have the upper hand, and you are usually getting a deal, so just pretend the closing is a week earlier and make sure you get everything ready to go then so there is no issue on your TOE closing date!